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Hong Kong (HSI) IT Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies36
- 7D3.5%
- 3M8.3%
- 1Y38.8%
- YTD28.6%
Over the last 7 days, the IT industry has risen 5.0%, driven by gains from WellCell Holdings of 17%. This means that the industry has gained 39% over the past year. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Hong Kong IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | HK$87.6b | HK$63.6b | HK$1.9b | 26x | 46.9x | 1.4x |
| Sun, 17 Aug 2025 | HK$87.0b | HK$60.8b | HK$250.4m | 27x | 347.6x | 1.4x |
| Tue, 15 Jul 2025 | HK$79.1b | HK$61.0b | HK$248.0m | 22.7x | 319.1x | 1.3x |
| Thu, 12 Jun 2025 | HK$85.6b | HK$61.4b | HK$344.0m | 13.5x | 248.9x | 1.4x |
| Sat, 10 May 2025 | HK$84.3b | HK$60.5b | HK$355.3m | 12.8x | 237.1x | 1.4x |
| Mon, 07 Apr 2025 | HK$90.2b | HK$60.2b | HK$355.3m | 13.6x | 253.7x | 1.5x |
| Wed, 05 Mar 2025 | HK$81.3b | HK$60.0b | -HK$971,001,152.88 | 17x | -83.7x | 1.4x |
| Fri, 31 Jan 2025 | HK$57.6b | HK$60.0b | -HK$1,031,087,467.78 | 14x | -55.8x | 1x |
| Sun, 29 Dec 2024 | HK$57.0b | HK$59.5b | -HK$1,013,340,321.94 | 15.2x | -56.3x | 1x |
| Tue, 26 Nov 2024 | HK$56.8b | HK$60.3b | -HK$753,254,218.89 | 19.1x | -75.5x | 0.9x |
| Thu, 24 Oct 2024 | HK$54.6b | HK$61.0b | -HK$766,925,814.73 | 17x | -71.2x | 0.9x |
| Sat, 21 Sep 2024 | HK$49.0b | HK$61.1b | -HK$786,001,810.33 | 14.2x | -62.3x | 0.8x |
| Mon, 19 Aug 2024 | HK$47.9b | HK$59.6b | -HK$1,374,206,351.98 | 13.3x | -34.8x | 0.8x |
| Wed, 17 Jul 2024 | HK$50.2b | HK$59.5b | -HK$1,279,567,672.00 | 14.2x | -39.3x | 0.8x |
| Fri, 14 Jun 2024 | HK$48.9b | HK$59.3b | -HK$1,288,406,175.25 | 14x | -37.9x | 0.8x |
| Sun, 12 May 2024 | HK$46.9b | HK$58.5b | -HK$1,335,142,303.38 | 14.3x | -35.2x | 0.8x |
| Tue, 09 Apr 2024 | HK$44.2b | HK$58.5b | -HK$1,330,450,839.60 | 13.7x | -33.2x | 0.8x |
| Thu, 07 Mar 2024 | HK$44.9b | HK$58.8b | HK$1.2b | 9.4x | 38.8x | 0.8x |
| Sat, 03 Feb 2024 | HK$42.6b | HK$60.2b | HK$1.1b | 10.6x | 39.2x | 0.7x |
| Mon, 01 Jan 2024 | HK$55.3b | HK$60.7b | HK$1.1b | 11.2x | 49.9x | 0.9x |
| Wed, 29 Nov 2023 | HK$58.3b | HK$60.0b | HK$1.1b | 13.8x | 53.3x | 1x |
| Fri, 27 Oct 2023 | HK$54.0b | HK$59.1b | HK$1.1b | 11.5x | 49.4x | 0.9x |
| Sun, 24 Sep 2023 | HK$58.6b | HK$59.0b | HK$1.0b | 10.6x | 58.5x | 1x |
| Tue, 22 Aug 2023 | HK$52.0b | HK$55.8b | HK$1.9b | 11.2x | 27.3x | 0.9x |
| Thu, 20 Jul 2023 | HK$52.2b | HK$57.8b | HK$2.0b | 12.1x | 25.7x | 0.9x |
| Sat, 17 Jun 2023 | HK$55.1b | HK$58.3b | HK$2.0b | 10x | 27.4x | 0.9x |
| Mon, 15 May 2023 | HK$51.1b | HK$57.4b | HK$1.9b | 7.6x | 26.2x | 0.9x |
| Wed, 12 Apr 2023 | HK$53.5b | HK$57.7b | HK$1.9b | 12.6x | 27.9x | 0.9x |
| Fri, 10 Mar 2023 | HK$117.3b | HK$74.4b | HK$4.9b | 11.4x | 23.8x | 1.6x |
| Sun, 05 Feb 2023 | HK$127.7b | HK$75.2b | HK$5.0b | 11.9x | 25.7x | 1.7x |
| Tue, 03 Jan 2023 | HK$120.4b | HK$74.3b | HK$4.9b | 11.3x | 24.5x | 1.6x |
| Thu, 01 Dec 2022 | HK$114.3b | HK$72.6b | HK$4.8b | 11.5x | 23.9x | 1.6x |
| Sat, 29 Oct 2022 | HK$97.1b | HK$72.8b | HK$4.7b | 11.1x | 20.6x | 1.3x |
| Mon, 26 Sep 2022 | HK$103.9b | HK$73.2b | HK$4.8b | 12.1x | 21.8x | 1.4x |
Price to Earnings Ratio
21.8x
Current Industry PE
- Investors are optimistic on the Hong Kong IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.7x which is higher than its 3-year average PE of 38.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 27% per year over the last three years,
- Revenues have also declined 4.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -0.43% | |
| Tech | 4.51% | |
| IT | 3.52% | |
| Data Processing Services | 7.68% | |
| IT Consulting | 5.27% | |
| Internet Services and Infrastructure | 0.78% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 18.9x.
- Analysts are expecting annual earnings growth of 48.2%, which is higher than its past year's earnings decline of 3.0% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 3.0% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2477 WellCell Holdings | HK$10.55 | 17.0% +HK$1.5b | 771.9% | PE562.5x | |
| 354 Chinasoft International | HK$6.19 | 2.3% +HK$349.9m | 53.6% | PE26x | |
| 2512 Cloud Factory Technology Holdings | HK$4.42 | 17.2% +HK$328.9m | 22.8% | PE141.3x | |
| 2436 LX Technology Group | HK$5.28 | 18.7% +HK$293.2m | 17.3% | PS0.7x | |
| 861 Digital China Holdings | HK$3.38 | 4.3% +HK$234.3m | 4.3% | PS0.3x |